Morgan Stanley: If SpaceX Stock Price Drops to $100, It Means Its AI Business Valuation Goes to Zero

TechFlow news, July 25, Morgan Stanley analysts stated that if SpaceX's stock price falls to $100 per share, it implies the market valuation of its AI business has dropped to zero. SpaceX IPOed in mid-June at a $86 billion valuation, hitting a low of $110.85 this week, down 18% from the issue price. Analysts assigned a target price of $300 per share to the stock, with more than half derived from AI business valuation. Previously, SpaceX entered the AI infrastructure sector leveraging the Starlink satellite network, providing low-latency data transmission services for large model training.